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Turns Out You Only Think You’re Spending Less Money

Friday, August 9, 2013 - 7:05 AM
American consumers claim that they’re not spending as much money this year on restaurants, bar tabs, home purchases, and other key categories. The actual consumer spending data tells a different story.
ShorebreakShorebreak2,670 posts since
Apr 6, 2010
Rep Points: 14,473
1. Friday, August 9, 2013 - 7:47 AM
So as I think, I am.  That's what is more important.  Not those ridiculous statistics.  I am me.  Not a "number".  Good morning to you to, SB. 
paoli2paoli21,398 posts since
Aug 10, 2011
Rep Points: 6,127
2. Friday, August 9, 2013 - 3:19 PM
Or as the article pointed out, the wealthier segment could actually be spending more and skewing the results.  I may in fact be spending less, but my neighbor seems to be on a tear lately.  :O)
ChrisCDChrisCD70 posts since
Nov 18, 2010
Rep Points: 457
3. Friday, August 9, 2013 - 5:38 PM
It can be (1) error in the mind, (2) error/confusion in statistics, (3) absent-mindedness (who cares?!)

I, for one, can not care less about how I spend vs. several years ago.  What I do care is (1) whether my expenses are indeed necessary and worthwhile, (2) how I can increase my earnings and budget my spending more effectively.

Again, the article (as many other financial articles)  is missing the point, IMHO.
51hh51hh1,476 posts since
Jan 16, 2010
Rep Points: 6,427